• ERM usage and value premium for Norwegian firms 

      Hauge, Petter Ankervold; Haug, Ole Fredrik Leganger (Master thesis, 2021)
      This thesis examines the effect of risk management on firm value. We test our main hypothesis that the implementation of ERM provides a value premium relative to TRM usage. By identifying ERM and TRM usage in Norwegian ...
    • ESG and corporate financial performance: A study on differences across countries and industries in Europe 

      Aarak, Sindre; Werner, Hans Wilhelm (Master thesis, 2021)
      We study the relationship between ESG performance and nancial performance in Europe. We bring new insight to this eld of research by dividing the sample into subsamples based on industry and geographic location to ...
    • ESG and impact investing in VC: The relationship between company-level ESG and VC fund performance 

      Juriks, Shazma Viktoria; Moschowits, Emily (Master thesis, 2022)
      Sustainable investing has garnered increasing popularity in both public, and more recently, private markets, with the promising potential of “doing good while doing well.” Studies on VC impact investing have shown mixed ...
    • ESG Disagreement: Determining Factors and Impact on Stock Performance 

      Jørgensen, Espen Njøs Jørgensen; Ellingsen, Teodor Hjelde (Master thesis, 2021)
      Using a sample of S&P 500 firms in the period 2010-2020. We will first study the rating variation of Environmental, Social, and Governance (ESG) ratings among some of the top prominent agencies. Secondly, we will study ...
    • The ESG disclosure and the stock price crash risk -evidence from China 

      ZHANG, HUIDI; Tai, Hanrui (Master thesis, 2023)
      With the continuous improvement of China’s ESG information disclosure system, the quality of ESG information disclosure will have an important impact on the stock price crash risk. However, there is no literature in China ...
    • ESG Integration in the European Priuate Equity Industry: Does ESG integration prouide superior risk-adjusted returns? 

      Stampe, Mathias; Revelsby, Sindre Breivik (Master thesis, 2022)
      Integration of sustainable investing in the financial sector has rapidly increased in recent decades. Private equity firms incorporate environmental, social, and governance (ESG) investment criteria as the metrics are ...
    • ESG og lønnsomhet i byggenæringen: Hvordan kan et selskap som OBOS jobbe bedre med bærekraft? 

      Reinvang, Rasmus (Master thesis, 2023)
      Utfordringene med bærekraft i verden er store og vil påvirke norsk økonomi, gjennom endringer knyttet til klima og ressurstilgang, og som følge av politiske tiltak med mål om å fremme en mer bærekraftig utvikling. Dette ...
    • ESG Performance, Green Bonds, and Yield Spreads - an empirical study of the Norwegian corporate bond market 

      Bakke, Per Børge; Dale, Marie (Master thesis, 2022)
      This paper seeks to study the relationship between environmental, social, and governance (ESG) performance, green bonds, and yield spreads in the Norwegian corporate bond market. By imposing a clustering model with fixed ...
    • ESG rankings, lnuestor Preferences, and Net Flows: Euidence from US Mutual Equity Funds in Market Downturns 

      Holen, Fredrick Andreas; Karlsen, Arian Odden (Master thesis, 2023)
      This study examines the relationship between fund sustainability and net flows of open-ended US mutual equity funds, and investor preferences in market downturns. We find evidence of a pattern using panel data fixed ...
    • ESG rating and financial performance in the Nordic market 

      Langeland, Johan Aurvoll; Ugland, Linnea Kamilla (Master thesis, 2019)
      Stakeholders’ interest in firms have increased in recent years and ESG rating have become more important. Previous literature has had difficulties concluding on the effect of ESG rating on financial performance. The ESG ...
    • ESG Rating Disagreement and Firm Performance 

      Reppen, Cecilia; Tangen-Pedersen, Malene Næss (Master thesis, 2023)
      The increasing focus on environmental, social, and governance (ESG) matters has led to the emergence of numerous ESG rating agencies that evaluate and rank companies based on their ESG performance. As a result, we now ...
    • ESG Ratings and Stoel! Returns in the US Equity Market 

      Gurrik, Tobias Wike; Haagensen, Cornelia Fjeld (Master thesis, 2023)
      This thesis investigates the relationship between ESG ratings and stock returns in the US equity market. Using the companies listed on the S&P 500 as a benchmark for the American stock market we perform a long-short zero ...
    • ESG Ratings and the European Stock Market 

      Ballou, Kathrine Michelle; Kristiansen, Kristine Vilde (Master thesis, 2023)
      In recent years, there has been a remarkable surge in stakeholders’ interest in the socially and ethically responsible conduct exhibited by companies. This has prompted numerous companies to integrate Environmental, ...
    • ESG Scores and Company Financial Performance in the United States 

      Hovde, Herman Austad; Korstad, Kristian (Master thesis, 2023)
      This objective of this thesis was to examine the relationship between financial performance and environmental, social, and corporate governance (ESG) scores in the United States over the time period 2003 to 2022. The ...
    • ESG Scores and Equity Value: A Study of ESG Premium in the Nordic markets 

      Samuelsen, Torstein; Svendsen, Casper Sormerud (Master thesis, 2023)
      This study explores the relationship between ESG scores and P/B ratios for Nordiclisted companies. We find indications of differences in average P/B and ESG scores. To explore if ESG drives P/B differences, we develop a ...
    • ESG Scores and Secondary Equity Offerings: A Case of Secondary Equity Offering in the US 

      Eriksson, Anders G.; Zunder, Håkon (Master thesis, 2023)
      The relationship between environmental, social, and governance (ESG) scores and secondary equity offerings (SEO) has received limited attention in the literature. This thesis explores this topic using a sample of US-listed ...
    • ESG Uncertainty and Stock Returns in Europe 

      Jensen, Sander August Standal; Holmeset, Endre Rørvik (Master thesis, 2023)
      In this paper we analyze whether ESG uncertainty can predict stock returns by studying the 3000 largest common stocks within Europe. We observe a tendency of predictability between ESG uncertainty in the aggregated ESG ...
    • ESG-Ratings and Returns 

      Ottesen, Dan Fredrik Clemp; Zilinskas, Sarunas (Master thesis, 2020)
      We nd that value-weighted portfolios long US stocks from compa- nies with low Environmental, Social and Governance (ESG)-ratings and short stocks with high ESG-ratings have returned annualized 5-factor alphas between ...
    • ESG-SCORE & ABNORMAL RETURNS IN THE EUROPEAN MARKET 

      Gandolfi, Valentina; Andersen, Benedicte Marie (Master thesis, 2022)
      This thesis investigates if investing in European stocks based on Environmental, Social, and Governance (ESG) scores can generate abnormal returns from 2011 to 2021. By performing positive, best-in-class, and negative ...
    • Establishing corporate ventures in the context of new media innovation 

      Aale, Christina; Drugli, Oda Krohn (Master thesis, 2016)
      In response to the need for research examining the effects of individuals on all forms of corporate entrepreneurship, we investigate the role of individuals, teams and managers in the process of establishing- and developing ...